Tag Archives: 7 May

Ukraine Receives First $3.2 Billion From IMF – 7 May 2014

RT logoUkraine, a nation on the brink of civil war and bankruptcy, has received its first loan from the International Monetary Fund (IMF), the National Bank of Ukraine reported.

The two-year program will shell out over $17bn in aid to Ukraine’s troubled economy, and was approved by the IMF’s 24-member board at the end of April.

National Bank Chairman Stepan Kubiv said that a portion of the first loan will be used to boost gold and currency reserves and help stabilize the fast-falling hryvnia. Foreign currency reserves have been wiped out as the Bank spends money to prop up the weak currency, and have reached a critically low level of under $12 billion.

Read the full story at: www.rt.com / link to original article

The IMF Goes To War In Ukraine – 7 May 2014

RT logoAuthor: Pepe Escobar is the roving correspondent for Asia Times/Hong Kong, an analyst for RT and TomDispatch, and a frequent contributor to websites and radio shows ranging from the US to East Asia.

The IMF has approved a $17 billion loan to Ukraine. The first $3 billion tranche should be arriving this week.

It’s essential to identify the conditions attached to this Mafia-style “loan.” Nothing remotely similar to reviving the Ukrainian economy is in play. The scheme is inextricably linked to the IMF’s notorious, one-size-fits-all “structural adjustment” policy, known to hundreds of millions from Latin America and Southeast Asia to Southern Europe.

The regime changers in Kiev have duly complied, launching the inevitable austerity package – from tax hikes and frozen pensions to a stiff, over 50 percent rise on the price of natural gas heating Ukrainian homes. The “Ukrainian people” won’t be able to pay their utility bills this coming winter.

Read the full story at: www.rt.com / link to original article

TheIndependent – Cut Help To Buy To Burst Housing Bubble, OECD Urges Bank Of England – 7 May 2014

The Independent

Quote: ‘Overvalued’ house prices ‘must be dampened’

Steve Lendman – Impeach Obama! Do It Now! – 7 May 2014

StevelendmanIt’s essential. It’s more urgent now than ever. Madness defines his agenda. He promised hope and change.
He delivered permanent wars, domestic ruthlessness and betrayal.
He’s ideologically out-of-control. He presides over a homeland police state apparatus.
He’s recklessly advancing America’s imperium. His quest for global dominance risks the unthinkable.
Confronting Russia risks global conflict. It risks potential nuclear war. It risks possible armageddon.

Continue reading

TheAustralian – Mathias Cormann Says High-Income Earners To Pay ‘Temporary Tax’ – 7 May 2014

The Australian

THE Abbott government will proceed with a “temporary” tax increase on high-income earners in the face of growing business warnings against the idea.

Read the full story at: www.theaustralian.com.au / link to original article

Vatican: Important Clarifications To UN Committee On The Convention Against Torture – 7 May 2014

 (Vatican Radio/CNS) The Holy See representative to Geneva, Archbishop Silvano Tomasi has told the UN Committee on the Convention Against Torture (CAT) that the Holy See is making “every effort” to combat the “plague and scourge” of child sexual abuse and “condemns torture, including for those who are tortured and killed before they are born”. Continue reading

ZeroHedge – China Sends Oil Rig To Disputed Waters – 7 May 2014

ZeroHedgeSubmitted by James Burgess via OilPrice.com,

Over the weekend of May 3 and 4, China sent an oil rig into disputed waters of the South China Sea to begin oil exploration. The rig is near the Paracel Islands, inside the 200-mile exclusive economic zone of Vietnam, which angrily protested the decision. The Vietnamese government insists that the waters, as well as the oil and gas reserves held beneath, belong to Vietnam.

Read the full story at: www.zerohedge.com / link to original article

Steve Lendman – America’s Hidden Hunger Crisis – 7 May 2014

StevelendmanImagine tens of millions hungry in the world’s richest country. Imagine bipartisan complicity ignoring a growing crisis.
Imagine uncaring policymakers. Imagine them cutting vital programs able to help when sizable increases are needed.
Imagine serving monied interests at the expense of popular ones. Imagine enriching themselves in the process.
Outnumber Hunger (OH) is a nationwide campaign. It enlists people in the growing fight against hunger. It works cooperatively with Feeding America (FA). More on FA below.

Continue reading

Steve Lendman – Israeli Independence Produced Nakba Suffering – 7 May 2014

StevelendmanYom Ha’atzmaut (Independence Day) commemorates Israel’s May 1948 Declaration of Independence.

It’s celebrated annually on 5th of Iyar. It’s according to the Hebrew calendar. It’s preceded by Yom Hazikaron. It remembers fallen Israeli soldiers. It’s Israel’s Memorial Day.

Palestinians have reason to mourn. Edward Said explained Palestine’s “holocaust,” saying:

“Every human calamity is different, but there is value in seeing analogies and perhaps hidden similarities.” Continue reading

ZeroHedge – Why Hasn’t The U.S. Gone After Gazprom? – 7 May 2014

ZeroHedgeSubmitted by John Daly via OilPrice.com,

Amidst the deepening war of words over Moscow’s annexation of Crimea, U.S. President Barack Obama on April 28 added more Russian individuals and companies to a sanctions list that already included influential members of Russian President Vladimir Putin’s inner circle and Bank Rossiya, which has close ties to the Russian leadership. The new list freezes the assets of Igor Sechin, head of Russia’s major oil company, Rosneft, six other individuals and 17 companies.

Read the full story at: www.zerohedge.com / link to original article